Laris Media Acquisition registered with the SEC to offer 25 million units at $10 each. A unit consists of one Class A ordinary share and one-third of one redeemable warrant; whole warrants exercisable at $11.50.
The new SPAC will target companies engaged in audio technology and music streaming.
Laris Media is led by Chairman Darren Throop, president and CEO of Entertainment One. His 30-year track record as an entrepreneur specializing in building and managing successful entertainment companies began in 1991 when he founded Urban Sound Exchange, a chain of retail music stores.
The SPAC will apply for a Nasdaq listing under LRISU. Read more.
